Senate Bill No. 28 establishes a nonrefundable income tax credit for Louisiana residents who incur expenses to install a fortified roof that meets or exceeds the standards set by the Insurance Institute for Business and Home Safety. The bill defines key terms such as "qualified expenses," "qualifying property," and "department," and specifies that the credit amount will equal the total qualified expenses paid, capped at $10,000 per taxpayer. The total credits issued in a fiscal year are limited to $10 million, and the credits will be allocated on a first-come, first-served basis. If requests exceed the available credits, they will be treated as having been applied for on the first day of the following year, with pro rata distribution for requests received on the same day.

The bill outlines the application process, requiring taxpayers to submit an application and a certification from the Insurance Institute for Business and Home Safety to the Department of Revenue. It also includes provisions for the recovery and recapture of credits if expenses are found not to qualify, and limits the carry-forward period for unused credits to three years. Additionally, taxpayers cannot receive this credit if they have received a grant under the Louisiana Fortify Homes Program or any other state tax benefits for the same expenses. The credit program will not be available for expenses incurred after December 31, 2031, and will apply to qualifying expenses paid on or after July 1, 2025.